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Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio) · Bloomberg Intelligence

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  Speaker 1: Global business news twenty four hours a day at Bloomberg
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  Speaker 1: dot Com. The radio plus mobile LAFT and on your
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  Speaker 1: radio is a Bloomberg Business Flush from Bloomberg World Headquarters
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  Speaker 1: on Katherine Cowdery and AzaC closing bell sounds a down
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  Speaker 1: Industrial Average is down ninety one points at the loss
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  Speaker 1: of half a percent, trading at eighteen thousand, three hundred fourteen.
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  Speaker 1: Smp F I foundered down fourteen points two thirds of
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  Speaker 1: a percent to seven. Then ASTAC is down forty six
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  Speaker 1: points nine tens of a percent at fifty one thirty seven.
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  Speaker 1: Well stocks retreated, posting there's deepest drop in more than
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  Speaker 1: a month. Declines and Visor dragged down healthcare shares and
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  Speaker 1: a report race concerns on the stamina of growth and
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  Speaker 1: consumer spending. David Lebovitz, Global market strategist to JP Morgan
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  Speaker 1: Investment Management on where he's finding value in the market
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  Speaker 1: right now. As a long term investor, I'm always trying
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  Speaker 1: to figure out where value is being created, and I
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  Speaker 1: think we can all agree that there has been value
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  Speaker 1: created in financials globally. I mean the sell off we've seen.
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  Speaker 1: Not every bank is trading at evaluation, which is necessarily
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  Speaker 1: appropriate given its long term earnings prospects. So to me,
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  Speaker 1: there's an opportunity here, but selection is really key. I
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  Speaker 1: mean in my bottom fishing in Italian banks, No, probably
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  Speaker 1: not in other market. Soil subtle to at its lowest
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  Speaker 1: level in almost four months, falling deeper into a bear market.
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  Speaker 1: Right now, West Texas intermediate crude oil is down thirty
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  Speaker 1: nine cents of barrel, that's the loss of one percent.
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  Speaker 1: Is trading at thirty nine sixty six. Spuck oled up
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  Speaker 1: eleven dollars eighty cents ouns at thirty and a tenure
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  Speaker 1: treasury is down six thirty seconds with the yield of
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  Speaker 1: one point fifty four thirty seven. Among today's top business stories,
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  Speaker 1: the world's safest assets are getting too risky for Bill Gross.
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  Speaker 1: He's repeating his warning on sovereign debt after yields from
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  Speaker 1: the U S to Australia touched all time lows in
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  Speaker 1: the past month. As growth sees it, the danger of
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  Speaker 1: the rally is that any reversal will be painful for investors.
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  Speaker 1: Biogen shares rallied up nine point four percent after a
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  Speaker 1: report by The Wall Street Journal that Mark and Allergan
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  Speaker 1: have each considered to take over the biotech company. The
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  Speaker 1: journal report that Biogem may not be interested in a deal.
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  Speaker 1: Most automakers reported like vehicle sales that fell short of
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  Speaker 1: analysts estimates for July, reinforcing concerns that the auto industry
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  Speaker 1: may have peaked with last year's record deliveries. It's four
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  Speaker 1: oh two on Wall Street. Let's get an update if
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  Speaker 1: some of the other stories were following a Bloomberg Radio Catherine,
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  Speaker 1: Thank you from the Bloomberg news Room by Mark Crumpton.
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  Speaker 1: New York City Police Commissioner William Bratton is resigning. Mayor
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  Speaker 1: Bill de Blasio says Bratton will retire next month and
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  Speaker 1: that James O'Neill, the department's top chief, will succeed him.
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  Speaker 1: Republican presidential nominee Donald Trump told supporters in Ashburn, Virginia,
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  Speaker 1: today that the country's military is an up to part.
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  Speaker 1: Our military is totally depleted, totally depleted. Our military is
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  Speaker 1: not being funded properly. We don't have enough money going
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  Speaker 1: and we need a strong military. President Obama said today
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  Speaker 1: that Trump is unfit and woefully unprepared to lead. He
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  Speaker 1: said that his con reversial statements should give his fellow
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  Speaker 1: Republicans pause. This isn't a situation where you have an
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  Speaker 1: episodic gaff. This is daily and weekly where they are
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  Speaker 1: distancing themselves from statements he's making. There has to be
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  Speaker 1: a point in which you say, this is not somebody
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  Speaker 1: I can support for president the United States. A New
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  Speaker 1: York congressman says, Hill cross party lines and vote for
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  Speaker 1: Hillary Clinton. Richard Hannah is the first Republican House member
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  Speaker 1: to announce plans to vote for Mrs Clinton. In an
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  Speaker 1: op ed published on Syracuse dot com, Hannah writes that
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  Speaker 1: Trump is quote unfit to serve our party and cannot
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  Speaker 1: leave this country. Hannah plans to retire at the end
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  Speaker 1: of the year. The Centers for Disease Control and Prevention
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  Speaker 1: is making available sixteen million dollars in funding to fight ZEKEA.
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  Speaker 1: The CDC says the money is to quote established, enhanced
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  Speaker 1: and maintain information gathering systems global news twenty four hours
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  Speaker 1: a day, powered by more than journalists analysts in more
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  Speaker 1: than one hundred twenty countries. I'm more Crumpton, this is Bloomberg, Katherine,
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  Speaker 1: thank you, and now let's get a quick update of
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  Speaker 1: the bench marks as they begin to settle down. Industrial
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  Speaker 1: hovers down ninety one points to eighteen thousand three. D
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  Speaker 1: sp F I founded down fourteen points seven, then has
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  Speaker 1: to act down forty six points to fifty one thirty seven.
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  Speaker 1: And that's a Bloomberg business flash. Move around Mortengrad promotion
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  Speaker 1: up the earth, move on. You moved like they do.
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  Speaker 1: I've never seen anyone move that fast. Time. People's moved
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  Speaker 1: like you've got a purpose. That he's called movers and shakers.
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  Speaker 1: They cost a little more. That name cracked me up.
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  Speaker 1: Bloomberg taking stock movers and shakers with Pim Fox and
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  Speaker 1: Kathleen as on Bloomberg to you a definitive down day
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  Speaker 1: in stocks today. Let's look inside the SMP five hundred
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  Speaker 1: eight gainers for in fifteen losers, two stocks closing unchanged.
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  Speaker 1: Weoving back to the show. Now our stock sit Dave
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  Speaker 1: Wilson to kick off movers and shakers. You know, I
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  Speaker 1: don't often mention the same stock two days in a row.
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  Speaker 1: I'm going to do it this time though, And it's Biogen.
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  Speaker 1: You know. Yesterday the shares were up more than four percent.
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  Speaker 1: They licensed a treatment for spinal muscular atrophy from my
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  Speaker 1: ownest pharmaceuticals. Today the stock had an even bigger gain
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  Speaker 1: after the Wall Street Journal reported that Mark and Allergan
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  Speaker 1: have each considered a takeover of the biotechnology company. The
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  Speaker 1: report sided people familiar with the matter, and all. This
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  Speaker 1: comes less than two weeks after the resignation of Biogen's
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  Speaker 1: chief executive George Skango. So Allergan and Fiser, Well, let's
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  Speaker 1: I should say Mark, Let's let's be precise there. Uh Well,
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  Speaker 1: they didn't comment on the report. Biogen, though, certainly took
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  Speaker 1: off the shares rows nine point four percent in today's trading.
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  Speaker 1: I'll just tell you about the shares of Electronic Arts.
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  Speaker 1: They are higher by more than one percent. After just
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  Speaker 1: reporting UH quarterly results. UH company looking for fiscal year
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  Speaker 1: twenty seventeen earnings per share of two dollars and fifty
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  Speaker 1: six cents. They previously had estimated two dollars and fifty three.
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  Speaker 1: Since the estimate was even lower, it was two forty seven,
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  Speaker 1: so the company raising its guidance of that's for the
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  Speaker 1: whole fiscal year of twenty seventeen. The company reported a
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  Speaker 1: second quarter loss of seventeen cents to share. The estimate
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  Speaker 1: was previously for thirty nine cents of loss. The company
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  Speaker 1: beating results there as well. The company reporting also digital
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  Speaker 1: revenue five sixty eight million dollars. That compares to estimates
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  Speaker 1: of five and thirty two million dollars. Once again, the
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  Speaker 1: shares of Netflix of rather electronic arts Right now, though
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  Speaker 1: trading unchanged previously, we're up about one percent. Just have
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  Speaker 1: to take a look at their retailers today. Some of
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  Speaker 1: the nation's biggest reporting their biggest excuse me, suffering their
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  Speaker 1: biggest introdict beta declines since May. We can look at
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  Speaker 1: may See's down seven or quarter percent, Coals down early
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  Speaker 1: eight percent, Nordstrom down nearly seven percent. Uh. Actually uh.
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  Speaker 1: The slowdown has forced retailers to be more aggressive with markdowns.
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  Speaker 1: According to Cleveland Research, the National Retail Federation is predicting
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  Speaker 1: a rise in back to school budgets and commerce departments.
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  Speaker 1: UH data from June show that households dipped in their
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  Speaker 1: savings today to fuel their spending. But these reports about
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  Speaker 1: a slowdown and less uh, less business from some the
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  Speaker 1: anniverse street sale at Northstrom. I remember that well growing
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  Speaker 1: up in the Pacific Northwest. This is according to Debt
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  Speaker 1: Weller Fenton All Willing on retailer today. Travel stocks took
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  Speaker 1: quite the hit today let's focus on the airlines, specifically Delta,
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  Speaker 1: and they came out with the June and actually July
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  Speaker 1: figures for revenue and the revenue from each seat and
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  Speaker 1: mile flown dropped by seven percent. That was after a
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  Speaker 1: June decline of five percent. Delta decided excess capacity on
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  Speaker 1: Transatlantic roots oh with price cuts and currency losses, Delta
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  Speaker 1: shares falling seven point eight percent and its biggest rivals
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  Speaker 1: lower as well, American down almost six percent, Southwest off
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  Speaker 1: four percent, in the United Continental with a loss of
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  Speaker 1: six and a quarter percent. Today, shares of Fitbit are
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  Speaker 1: trading lower by about two percent after the close as
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  Speaker 1: they report quarterly results, a company saying that in the
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  Speaker 1: second quarter they earned twelve cents a share, compared to
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  Speaker 1: an s of analysts by eleven cents, so they beat
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  Speaker 1: by a penny. They also confirmed their sales and profit
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  Speaker 1: guidance for fiscal year twenty is sixteen once again. The
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  Speaker 1: shares of fit Bit right now, though down four percent,
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  Speaker 1: may have to do with the gross margins. They're saying
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  Speaker 1: gross margins will be between eight and forty nine percent.
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  Speaker 1: Quickly avon up PIM, I know it's a company you
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  Speaker 1: follow closely. The most more than five months. Second quarter
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  Speaker 1: profit topped analysts. Avon calling today with some good news
• 9:34
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  Speaker 1: more than seven and a half percent of zero point
• 9:51
  Speaker 1: nine seven, settling at thirteen point four one. Just an
• 9:54
  Speaker 1: interesting note from Peter Cheer, frequent guest on the program,
• 9:58
  Speaker 1: saying that there's a spy will effect that if you're
• 10:01
  Speaker 1: investing or you're running in a leveraged E T f
• 10:05
  Speaker 1: ET exchange traded product that bets on the movement of
• 10:09
  Speaker 1: the VIX, uh, that you need to buy more at
• 10:12
  Speaker 1: the close. As the VIX moved higher as it did today.
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  Speaker 1: All right, Dave, you're uh hi, my name is Dave.
• 10:22
  Speaker 1: Just what do you think you're doing? We're going, Dave,
• 10:28
  Speaker 1: Dave Texas Roadhouse. No big profits stopping there, Dave, No,
• 10:35
  Speaker 1: not this time around. Now. This restaurant chain promotes hand
• 10:38
  Speaker 1: cut steaks made from scratch side orders and fresh baked bread.
• 10:43
  Speaker 1: Comedy operates in every US state except Hawaii, and also
• 10:46
  Speaker 1: has locations in the Middle East, Taiwan, and the Philippines.
• 10:49
  Speaker 1: Texas Roadhouse has been publicly traded since two thousand four.
• 10:52
  Speaker 1: Ticker t x r H. Between November two thousand eight
• 10:56
  Speaker 1: and last month to share search more than twelvefold in
• 10:59
  Speaker 1: set a record, but another way that had a long
• 11:01
  Speaker 1: way to fall, and that's what they did today after
• 11:05
  Speaker 1: Texas rose House for least second quarter results now Ernie's
• 11:08
  Speaker 1: beat the average analyst estimate in the Bloomberg survey. Thing is,
• 11:11
  Speaker 1: though they reflected a seven percent drop in the cost
• 11:14
  Speaker 1: of beef. Other issues raised concern amongst some analysts. One
• 11:17
  Speaker 1: is that sales growth at restaurants open more than a
• 11:20
  Speaker 1: year slowed as the quarter progressed. Another is that wages
• 11:24
  Speaker 1: increase at a faster pace, pointing to hire labor costs
• 11:27
  Speaker 1: down the road. Against that backdrop, shares of Texas Roadhouse
• 11:31
  Speaker 1: suffered their biggest one day low since the company went public.
• 11:35
  Speaker 1: They dropped almost twelve and a half percent in today's trading.
• 11:39
  Speaker 1: Thank you very much, Dave Wilson, Bloomberg Stocks. Commas. You
• 11:42
  Speaker 1: can Follow Dave on Twitter at The One Dave and
• 11:45
  Speaker 1: send him an email at d Wilson at Bloomberg dot
• 11:49
  Speaker 1: net to sign up for his Davy free email newsletter.
• 11:53
  Speaker 1: It will help make you a smarter investor. This is
• 11:56
  Speaker 1: taking Stockheim Pin Fox my co host Kathleen Hayes. This
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